Blocknet - Polo, Kraken, Bitfinex killer

[vvv7777777]

Blocknet could be the best investment of 2017. Here's why:

Exchanges are centralized:
- They can be insolvent without you knowing
- They decide which coins to add -- which hurts a lot of crypto projects
- They could be trading against you without you knowing
- They require KYC to stay complaint and you have no idea where that information goes. Isn't it strange that people want privacy with things like Monero and Zcash, but we give exchanges our identification?

Interoperability of blockchains is going to be huge:
- With a Blocknet backend, people can trustlessly use any cryptocurrency they want for anything that accepts bitcoin

Poloniex, Kraken, and Bitfinex have each been facing problems, and soon people will look for decentralized exchanges out of need, not just a "nice to have".

Blocknet is the only fully trustless cross blockchain exchange that is working. Right now it's working in testnet with BTC/SYS, BTC/BAY, and BTC/LTC. The devs can trivially add any currency that is BIP65/CLTV (including ZCash, Dash etc.), they plan on integrating ETH soon, and the exchange works for any combination of pairs.

AMA link (includes discussion about Blocknet vs Cosmos): https://www.reddit.com/r/theblocknet/comments/676buj/ask_anything_about_blocknet_qa/

Blocknet vs Ark: https://bitcointalk.org/index.php?topic=829576.msg18785897#msg18785897

Join the Slack: https://blocknet.herokuapp.com/

Twitter: https://twitter.com/The_Blocknet

[1715516907]

1715516907

[1715516907]

1715516907

[1715516907]

1715516907

[danielwwt]

Sold my PIVX and got into Blocknet a month ago.

I'm sure this is gonna be my best investment EVER.

Have great confidence in this project. Devs are awesome and slack is getting more people. All remind me early days of PIVX.

check the video below.

https://www.youtube.com/watch?v=ALxr7MpaIoA

[adroitful_one]

Sold my PIVX and got into Blocknet a month ago.

I'm sure this is gonna be my best investment EVER.

Have great confidence in this project. Devs are awesome and slack is getting more people. All remind me early days of PIVX.

check the video below.

https://www.youtube.com/watch?v=ALxr7MpaIoA

This is the first time I have seen this project. Very much appreciated for bringing it to my attention. Was it announced here because I never got an alert about it if so

[Zenoru]

Totally agree with all your points. I can't believe the market cap is still so low, although it's probably due to most money going into all these vaporware ICOs and due to the Poloniex delisting. The good thing is that more and more projects are recognizing the blockchain interoperability tech's potential - Ark, Cosmos, to name a couple. But as the OP said, Blocknet is actually much ahead because its tech is functional on its testnet, and it is truly decentralized, unlike some other proposed solutions.

[truxton]

Agreed too.  Block is SO undervalued right now.   Even if you dont have enough to run a node, there will be a nice profit in the coming weeks after the Fork and then after that with the UI launch. HODL!

[Febo]

I know two decentralized exchanges that are working on is DEX in counterparty wallet. Other is https://bitsquare.io/

But reality people still loves to trade on centralised exchanges. It will take some time to switch mentality to decentralised ones.

[kawacaki]

what is the total supply of blocknet?

[truxton]

what is the total supply of blocknet?

3.9 Million.

[Opossum Minister]

what is the total supply of blocknet?

3.9 Million.

With an actual use, few coins in circulation, and only $8,766,947 in market cap.... I am starting to think this has potential for upward movement.

[danielwwt]

Sold my PIVX and got into Blocknet a month ago.

I'm sure this is gonna be my best investment EVER.

Have great confidence in this project. Devs are awesome and slack is getting more people. All remind me early days of PIVX.

check the video below.

https://www.youtube.com/watch?v=ALxr7MpaIoA

This is the first time I have seen this project. Very much appreciated for bringing it to my attention. Was it announced here because I never got an alert about it if so

https://twitter.com/The_Blocknet?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

check out this. This is where all the update

[truxton]

WAVES market cap - 80 million, not launched.

BLOCKNET market cap - 8 million, tech working and demoed, hard forking in mere weeks.

Do the maths.

[truxton]

Just saw the devs have answered a load of questions on the reddit AMA:

https://www.reddit.com/r/theblocknet/comments/676buj/ask_anything_about_blocknet_qa/

Summary: (dev answers in red)

1. What is the timescale for the UI and SPV? Just roughly. Are we talking a couple of months, 6 months, end of year, next year? Cheers.

We work in an "agile" manner and thus do not deliver to timescales. As a rough estimate which cannot be taken as a commitment, I'd suggest that the timescale for the UI is "a couple of months" and SPV multiwallets "6 months." I may be mistaken though.

The better answer: we are aware that mass-adoption of an exchange technology requires low friction, thus removing the need to download at least two blockchains before trading. So SPV is at the top of our list of enhancements.

Work has already begun on the UI.

2. How is Blocknet different from projects like WAVES, COSMOS, SWARM CITY and so on. In general, how is Blocknet's approach to build a decentralized exchange and an interoperability protocol different from its competitors?

The Blocknet is the only project in our awareness that decentralises the four core functions of an exchange - capital deposits, order broadcast, order matching, and coin exchange.

    all coins stay in wallets

    orders are broadcast over an inter-chain DHT network overlay

    order books are compiled by local applications, not a central or distributed entity

    coin exchange is atomic and trustless, utilising OP_CHECKLOCKTIMEVERIFY and not requiring the control of any third party.

As for interoperability in general and the emerging token ecosystem, the Blocknet is deliberately designed to function as infrastructure. No central chain is required, enabling services to be built on any chain and monetised and delivered over xbridgep2p, our "blockchain router," to nodes on any other chain and to dapps harnessing blockchain services.

Regarding waves, it's a coloured coin approach. As such, as a trader, you'd have to deposit your coins for some underlying token in order to trade. This does not decentralise deposits, even if the underlying architecture is distributed. Additionally it requires you to trust some manner of intermediary to redeem your coloured coins for a real coin when you want to withdraw.

My opinion on this is that if you're building a decentralised exchange, the main objective is to provide an alternative to having to trust some intermediary with your coin deposits.

Coloured coins cannot achieve that, and so I cannot consider any exchange of this type a decentralised one in the true sense of the word.

As for Cosmos, (a) its consensus algorithm is DPOS and (b) it relies on anchors/validators and so is vulnerable to collusion attacks.

These two points amount to Cosmos being a distributed system, but not one in which control is decentralised (that's what "decentralised" means btw - it's about control).

Thirdly - and correct me if I'm mistaken - Cosmos' approach is architecturally ill-fated to run afoul of the emerging "token ecosystem" by requiring inter-chain services to run on its chain only.

This is another way of saying that it is "inter-chain centralised," may be fine for sidechains, but is not suitable for an inter-chain era where it becomes the norm for dapps to become inter-chain orchestrations of on-chain microservices.



3. What are the possible applications of the xBridge other than a decentralized exchange?


   monetised API consumption
    digital service delivery

The Blocknet is designed as infrastructure for the emerging token ecosystem. Any service or orchestrated sequence of microservices provided by dapps may be delivered over the Blocknet's infrastructure.

Using decentralised exchange, these services are intrinsically monetisable, removing the friction and high costs of traditional payment networks - friction which has prevented the monetisation of the bulk of the API ecosystem.

Due to the decentralised exchange, consumers of a service may pay in their native token even if the service consumes a different token.


4 Do any of these dapps exist already or will they have to be built? Anymore concrete dapp examples would be great - helps me spread the word and keeps it simple.

This is potentially very exciting because if a service is in demand and people are buying Block to use the service then it makes the price go up.

Currently the only things on the Blocknet are its core infrastructural services:

    blockchain router

    coin exchange protocol

    trade fee collection nodes ("service nodes")

    in-wallet order book and order-creation/acceptance controls

    p2p end-to-end-encrypted data transport

If you're looking for concrete examples, the scenario is the same as current apps with a microservices architecture: you can build any of them with a monolithic architecture, but they'll struggle to scale, bugfixing is harder, a bug anywhere can break the entire thing, and they're not composable (i.e. they cannot be broken down into sub-services which may be used and monetised in other ways).

So... take all the dapps in existence. We're making the case that it's best to build many of them as inter-chain dapps.



5. What are the benefits of running a node? And how many blocks do I need to run one?

There are two types of node: a "service node" and a trader node.

Service nodes do not handle or control any trader's coins. Their function is to collect and distribute trade fees. Typically a service node operator will run multiple full node wallets of whichever coins (s)he wants to support, in order to garner as many trade fees as possible.

Trader nodes enable one to trade on the decentralised exchange.


6. Will there be fees for buying/trading on Blocknet like there is with Coinbase/GDAX?

Yes, there are fees, though they are significantly lower that centralised exchanges (with a minimum fee that's just above the dust threshold).

The fee structure is as follows:

    transactions over the networks of each of your currency pairs will remain subject to their normal network fees for P2SH transactions

    a tiny trade fee is charged in BLOCK and the software takes care of securing some BLOCK to pay the fee.
        current implementation: trading is from the Blocknet wallet and you can buy BLOCK using it or on any other exchange. This is then used for fees.
        future implementation: trading will be from any trading dapp built by anyone. The protocol is likely to involve a second trade for the BLOCK trade fee, without requiring your dapp to have the Blocknet's blockchain





Click the reddit link for more answers.

[/quote]

SLACK INVITE: https://blocknet.herokuapp.com/

[phytosaw22]

Agreed too.  Block is SO undervalued right now.   Even if you dont have enough to run a node, there will be a nice profit in the coming weeks after the Fork and then after that with the UI launch. HODL!

How much you need to run a node?

[McWorse]

Thanks a lot guys for this information. Sounds very interesting. And in my opinion, there is a great demand for a decentralized exchange. It can keep the business anonymous and it breaks our addiction to a shady system.
Thumbs up for the devs and for the project.
Bought for support.

[JerryWinski]

Blocknet sounds like a good buy right now. But Decentralized exchanges have never really seen good returns compared to other tech like Ethereum. I just hope that 2017 is the year for them since I hold next, bitshares and counterparty.

[Xaltotun]

Blocknet sounds like a good buy right now. But Decentralized exchanges have never really seen good returns compared to other tech like Ethereum. I just hope that 2017 is the year for them since I hold next, bitshares and counterparty.

I think that's because no one has done it correctly. Every other decentralized exchange requires you to send them your money.

When the exchanges hold our money, we lose. When we hold our money, we win.

[funsponge]

Blocknet is the future of crypto!

Crypto NEEDS decentralized exchanges!! This is gona blow when its released just like Stratis has recently.

[vvv7777777]

Agreed too.  Block is SO undervalued right now.   Even if you dont have enough to run a node, there will be a nice profit in the coming weeks after the Fork and then after that with the UI launch. HODL!

How much you need to run a node?

5000 BLOCK

[JeffBrad12]

Crypto NEEDS decentralized exchanges!! This is gona blow when its released just like Stratis has recently.

Lykke, Bitsquare, Etherdelta.
My question what's different among all of another decentralized exchange site with blocknet?

Blocknet sounds like a good buy right now. But Decentralized exchanges have never really seen good returns compared to other tech like Ethereum. I just hope that 2017 is the year for them since I hold next, bitshares and counterparty.

I think that's because no one has done it correctly. Every other decentralized exchange requires you to send them your money.

That means most of the decentralized exchanges are fail?

When the exchanges hold our money, we lose. When we hold our money, we win.

Looks like a lot of people still interested in centralized exchange which easiest for use. Honestly, i have a lot of bad experience with using decentralized exchange site.

[truxton]

Crypto NEEDS decentralized exchanges!! This is gona blow when its released just like Stratis has recently.

Lykke, Bitsquare, Etherdelta.
My question what's different among all of another decentralized exchange site with blocknet?

Blocknet sounds like a good buy right now. But Decentralized exchanges have never really seen good returns compared to other tech like Ethereum. I just hope that 2017 is the year for them since I hold next, bitshares and counterparty.

I think that's because no one has done it correctly. Every other decentralized exchange requires you to send them your money.

That means most of the decentralized exchanges are fail?

When the exchanges hold our money, we lose. When we hold our money, we win.

Looks like a lot of people still interested in centralized exchange which easiest for use. Honestly, i have a lot of bad experience with using decentralized exchange site.

Please ask your question in the main thread where the devs are: https://bitcointalk.org/index.php?topic=829576.7080
They are pretty good at answering questions as you will see. Synechist is the person you need to ask.

[barbierir]

Blocknet is the only fully trustless cross blockchain exchange that is working.

Small correction: maybe it's the second one. Supernet has been working for months at command line level. If next Agama wallet release is stable, the Dex will be added and the atomic swaps will have a GUI in the wallet by this summer.

Anyway good luck with your project!

[thew3apon]

poloniex was very moving because recently you will not receive another coin .

[denam]

I have set my buy orders taking advantage of the weak hands or profit takers who want to switch to bitcoin temporary. I have little more to get and 5000 Blocks will be sitting in my wallet ready to run a node. Till now I succeeded to buy under 100k satoshi and hopefully will get remaining as well. Blocknet's Dx will be truly so it will see adaption at large scale.

[dzimbeck]

I know two decentralized exchanges that are working on is DEX in counterparty wallet. Other is https://bitsquare.io/

But reality people still loves to trade on centralised exchanges. It will take some time to switch mentality to decentralised ones.

BitSquare is NOT DECENTRALIZED! I'm really getting tired of people saying that. They use 2 of 3 key system which is just arbitration. As they are the arbiter that allows them to collude as buyer or seller and steal escrows. Also if they get hacked someone can double spend because they would hold escrow key.

There is no decentralized exchange yet. Even BitShares uses gateways and market pegs. Not decentralized either.

Blocknet by doing atomic trade will certainly be a decentralized exchange because no trust is need to perform a trade. Let's hope they keep up the good work.

[Praxis]

Is it possible to run a node for the dx already now or is that still in test phase?

[TronQuix]

If any of these currencies become regulated in any way, doesn't all of these exchanges become meaningless? 

[truxton]

Is it possible to run a node for the dx already now or is that still in test phase?

You can run a node but I think it will be on the testnet until the hard fork in a few weeks.  Good time to practice!

[truxton]

BLOCK JUST BROKE $3.00

[Zenoru]

If any of these currencies become regulated in any way, doesn't all of these exchanges become meaningless?  

On the contrary, the possibility of heavy regulation actually helps makes a case for decentralized exchanges. For such decentralized exchanges, it is always possible to trade (as long as there are buyers and sellers) even if centralized exchanges become regulated and cannot serve users and/or inhibits trading various currencies (e.g Bitcoin withdrawals banned in Chinese exchanges). I was personally affected because centralized exchanges such as Poloniex/Kraken stopped serving Washington state users.

Just that point alone is why we would want such a decentralized exchange.

Honestly this feels as important a use case as Monero's (or other anon coins) - and look where Monero is now. Monero gave financial privacy to its users. Blocknet will give back financial control from the centralized exchanges to the user. Plus, it also allows interaction between different blockchains that each serve a different need.

With the rapid growth in cryptocurrency this year, it's not hard to put 2 and 2 together and see out that Blocknet (and other similar projects) is the next big step. I believe in Blocknet because it seems to be the most advanced so far.

[sezyumx]

Hopefully poloniex or kraken accepts . Rooted and it's a solid project .

[adroitful_one]

This is my first time hearing about this project. I'm really glad I stumbled across this thread. I'm probably going to end up picking me up a bit. I could see this hitting $5 or so fairly quickly. We'll just have to see though

[fookie]

What's so special about comparing BTS's decentralized exchanges and blocknet?

[landwind]

where can i get blocks?

[Zenoru]

where can i get blocks?

Right now Bittrex only, but hopefully more exchanges in the future (looking at the obvious choice, the blocknet exchange)

[eaLiTy]

where can i get blocks?

Right now Bittrex only, but hopefully more exchanges in the future (looking at the obvious choice, the blocknet exchange)

I am hearing about this project now and they have already released their tokens but on checking their social network platform it says that the documentation of our technology is underway ,so i am a bit confused and what is the status of the project,is it still under development as the site says you can download the interim wallet,is it the platform or the wallet for the tokens.

[Zenoru]

What's so special about comparing BTS's decentralized exchanges and blocknet?

On Bitshares DX you are only trading and IOU representing an asset. There are some liquidity issues (bitBTC trade volume is not that much. Not completely trustless as you have to trust whoever holds those assets don't default.

On Blocknet DX you trade the actual asset. This has higher technical requirements (you currently need to be running full nodes to trade. But it should be much better once we can use SPV wallets (lite wallets)). You are in complete control of your coins; it is fully trustless.

For me Blocknet is definitely better tech from the decentralization standpoint (kinda a core tenet of cryptocurrencies in my opinion), but could be less user friendly for now. I believe Blocknet is still highly undervalued.

[kellrobinson]

Wallets for osx and windows only.  They need to build a linux wallet, fo shizzle.

[Lagduf]

where can i get blocks?

Right now Bittrex only, but hopefully more exchanges in the future (looking at the obvious choice, the blocknet exchange)

more development and more exchange will add it.. But you can pay some btc tp get listed on yobit.... Its good for blocknet 

[puremage111]

Block is something huge as i read from most people

Due to its cross blockchain decentralised exchange

With such a low amount of supply

<10M vs Ethereum >100M

The price could just rocket once everything is done include the platform

[truxton]

$3.70 right now

[JatiAnom]

This is my first time hearing about this project. I'm really glad I stumbled across this thread. I'm probably going to end up picking me up a bit. I could see this hitting $5 or so fairly quickly. We'll just have to see though

me too but I found several threads that indicate this project have been around since 2014
and those threads make me worried

[RoHoss]

I am sure that Blocknet reach End of this Year around 50 $ because it is very lucrative to have a node.

[truxton]

This is my first time hearing about this project. I'm really glad I stumbled across this thread. I'm probably going to end up picking me up a bit. I could see this hitting $5 or so fairly quickly. We'll just have to see though

me too but I found several threads that indicate this project have been around since 2014
and those threads make me worried

There was a massive fud storm against block when it started.  The devs could have given up but they have been working unpaid for 2 years and have now delivered groundbreaking tech that you can use NOW. Please come and join slack: https://blocknet.herokuapp.com/
Block has evolved in the meantime and NEW documents and a new OP is coming very soon.  UI work is underway and hard fork in the next 6 weeks or so.

[Zenoru]

Very cheap Blocknet now, I am accumulating more as this is still hugely undervalued.

In other news, Shapeshift just announced Prism. It looks like big players are recognizing the need for people to control/trade their coins in a decentralized manner as they build diversified portfolios (https://news.bitcoin.com/shapeshift-launches-prism-portfolio-platform/). This is, indirectly, good news for Blocknet.

[truxton]

Block just broke $4.00 

[Zenoru]

Block just broke $4.00  

Looks like we just did it again after the whole crypto market correction. Next target, $10?

Feels good to have gotten in early. I dunno why but this really seems like Monero in the early days - kinda the underdog project that not too many cared about until it finally exploded. Just as Monero gave us financial privacy, Blocknet will give us back financial control.

Lots of projects have been popping up recently to solve this issue - Ark, Waves, Cosmos, etc, but Blocknet is probably going to be the first mover. I have been personally affected by centralized exchanges (site crashing, deposits/withdrawals/verification taking a long time) and have noticed as of late these issues keep coming up more and more recently on places like Poloniex. Decentralized exchanges solve these problems.

[xnight149]

very good news
$30+ is inevitable for this coin in the coming weeks so long as Bitcoin doesn't crash epically.
Hard fork 3rd week of july actually

[pugman]

Everyone is Gona need a bit of blocknet in there portfolio!

It's  crucial for the future of crypro

[FoldingMoney]

In an ocean of hype and vacuous claims, Blocknet truly has substance and is a breath of fresh air. Committed talented developers with great integrity creating an amazing project over many years of hard work and persistence.  Their decentralised exchange is far and away superior to all others out there.  If there's one thing lacking it's awareness of the project. 

Cream will rise...

[pumz]

Well it depend on how easy and simple to use it will be for a basic user who doesn't have knowledge deep. Usually these kind of exchanges are complicated but hopefully Blocknet will be different. It is needed of time to play role of bridge among coins. I have accumulated 5k Blocks already to run a node when it will be ready.

[FoldingMoney]

well pumz, one thing that's very reassuring is that mainstream usability is at the forefront of the developers minds. 

[FoldingMoney]

...and congratulations on your node.  unlike the current masternode hype, a blocknet node (aka exchange node or service node) is something very special with intrinsic value - you'll receive a percentage of all trade fees that go through your node.

on another note, its also very reassuring that nosofast is a blocknet enthusiast:

https://twitter.com/notsofast/status/883710379993559041

https://twitter.com/notsofast/status/883710605110243329

https://twitter.com/notsofast/status/883709646694993920

I trust his opinion, and he is exactly right in this case

[kekcoindev]

Glad I stumbled upon this! Definitely one to watch...

[FoldingMoney]

very righteous to see blocknet price hold and rise in this market.  in a sea of red it was +15%. 

[FoldingMoney]

from a technical perspective, Blocknet has superior technology, as at no point is any third party risk incurred (see post #12 in this thread). coins will never leave your wallet, no personal information ever disclosed.  This is not true for any other DEX project out there.  when it comes to money i think people will care to have the best.     Sure there are competitors making wild claims and sometimes outright stealing ideas and code, but the fact is they are years behind in development.  I do feel however that awareness is lacking, and that is obviously needed for a successful exchange 

if you look at notsofast's tweets, you will also see that blocknet's protocol can enable and monetize all kinds of cross chain apps, its infrastructure like a toll road or bridge.  As he says, "I simply can't stress how fundamentally epic this protocol is becoming."

[Sorai]

As a previous commenter alluded to, it's a master node coin that carries out an actual service.  The coin is undervalued even among master node coins.

[FoldingMoney]

massively undervalued

[FoldingMoney]

the price holds because people who understand what blocknet is never want to sell their holdings and just accumulate.  There are only 4m block available so they are extremely scarce.

[CryptoXMan]

Can we say that "masternode" is like Chaincoin and Syndicate?   Why did those other coins get pumped instead...

[danielwwt]

Please keep this in mind.

This is a DX that already works!!! Not some ICOs just have a timeline.

Devs have been doing some trades on test network and I believe third week of July, we will launch main network.

Also, UI/UX has been worked on almost a month. According to Devs, they will have an update very soon.

10x from current price is not that hard!

Do some research!

[danielwwt]

very good news
$30+ is inevitable for this coin in the coming weeks so long as Bitcoin doesn't crash epically.
Hard fork 3rd week of july actually

lol, btc did crash epically. However, blocknet is holding strong and let's just wait patiently.

[FoldingMoney]

Can we say that "masternode" is like Chaincoin and Syndicate?   Why did those other coins get pumped instead...

I think the main reason is the cost of node - 5000 block is not cheap and its a huge gamble for someone who has not spent the time to really understand where blocknet is on the development curve, and what the actual technology is and does.  i completely understand that.

chain and syn nodes are very cheap, and nodes seem like a current fad.  whatever this current node zeitgeist is, chaincoin has hit the nail right on the head and created a lot of excitement..  my problem with those coins is where's the substance?  whoop, ive got a node that pays X% interest per year in CHC or SYN, but whats the underlying value of the coin, and hence whats the value in having the node payout?  

blocknet is not a 'node' coin, it has deep technology underneath.  A 5000 block 'service node' or 'exchange node' administers trades and distributes fees.   in return for which the owner receives a payout in block of all trades.  there is an intrinsic value and purpose

it also so happens that the staking payouts are decent and frequent,  3% pa.  

i feel like the block price now has been the victim of overarching market conditions, certainly the price does not seem to be currently correlated to development breakrthroughs which are happening apace..

to me, blocknet is one of the least scammy and most substantial projects in all of crypto and i hope they get the prominence and success they deserve

[sgtwiggles]

I am excited about Block.  Just found this details look of a DX DYN / SYS trade on their channel.


https://www.youtube.com/embed/uCiZQbXAvYk

[IamHigh]

Good points about Blocknet and its comparison with existing centralized exchanges like Kraken and Bittrex. But you forget that there are lots of decentralized exchanges out there. So it won't be asy for blocknet to compete with its competitors.

[stopbuyingshitcoins]

Good points about Blocknet and its comparison with existing centralized exchanges like Kraken and Bittrex. But you forget that there are lots of decentralized exchanges out there. So it won't be asy for blocknet to compete with its competitors.

Are the others really decentralized?

[FoldingMoney]

Blocknet is so utterly pregnant with possibilities, and so chronically under-appreciated and known.  while this document doesn't focus on the first implementation, namely the decentralised exchange which is advanced in development - fully decentralised working trades - it's a good introduction to the project.  other DEX projects which are objectively inferior to blocknet's technology have undergone massive pumps.  blocknet's pump awaits..

https://docs.google.com/document/d/1paGxt6qi_BXUx2sOptLOyoMEAWUlSWehhj0sBuwu8Sk/edit

[Ayers]

so is this a coin that has a build-in exchange in the client? i was asking for this for bitcoin but they made it in altcoin nice, but can this be minable or i need to buy? i see the price is very high already

[thejaytiesto]

Blocknet could be the best investment of 2017. Here's why:

Exchanges are centralized:
- They can be insolvent without you knowing
- They decide which coins to add -- which hurts a lot of crypto projects
- They could be trading against you without you knowing
- They require KYC to stay complaint and you have no idea where that information goes. Isn't it strange that people want privacy with things like Monero and Zcash, but we give exchanges our identification?

Interoperability of blockchains is going to be huge:
- With a Blocknet backend, people can trustlessly use any cryptocurrency they want for anything that accepts bitcoin

Poloniex, Kraken, and Bitfinex have each been facing problems, and soon people will look for decentralized exchanges out of need, not just a "nice to have".

Blocknet is the only fully trustless cross blockchain exchange that is working. Right now it's working in testnet with BTC/SYS, BTC/BAY, and BTC/LTC. The devs can trivially add any currency that is BIP65/CLTV (including ZCash, Dash etc.), they plan on integrating ETH soon, and the exchange works for any combination of pairs.

AMA link (includes discussion about Blocknet vs Cosmos): https://www.reddit.com/r/theblocknet/comments/676buj/ask_anything_about_blocknet_qa/

Blocknet vs Ark: https://bitcointalk.org/index.php?topic=829576.msg18785897#msg18785897

Join the Slack: https://blocknet.herokuapp.com/

Twitter: https://twitter.com/The_Blocknet

Blocknet requires that you are running a full node every coin that you want to trade. Explain to me how the fuck it can replace the ease of use of centralized exchanges.

If Blocknet worked in a browser and didn't require you download anything then centralized exhanges would be dead, but its not the case at all.

[FoldingMoney]

quote "Blocknet requires that you are running a full node every coin that you want to trade. Explain to me how the fuck it can replace the ease of use of centralized exchanges.

If Blocknet worked in a browser and didn't require you download anything then centralized exhanges would be dead, but its not the case at all.
[/quote]

i assume you mean full blockchain download, not node.  currently yes, but SPV lite wallet will mean no, no you wont need to have full blockchains downloaded.  and it will run from a web interface.  the depth of thought that's gone into this from the developers astonishes me, and to my mind nothing is lost.  a simple web interface planned and very much in the works.

so is this a coin that has a build-in exchange in the client? i was asking for this for bitcoin but they made it in altcoin nice, but can this be minable or i need to buy? i see the price is very high already

from my understanding a blocknet API will be integrated into wallet.  you trade from wallet to your counterparty's wallet.  none of your funds leave your control at any point, nor any of your personal information. 

i wonder about full chain downloads - with blocknet youll be trading from your wallet directly and by implication youll already have the chain.   (though thats not true in all cases...  im not in the team, just a massive enthusiast and admirer of this tech's endless posibilities!)

its all there for those with eyes to see it....

[truxton]

There is some news coming...

[FoldingMoney]

i view blocknet as a couple of guys in their garage circa 1990...
 

[CryptoXMan]

i view blocknet as a couple of guys in their garage circa 1990...
 

And at the current price... it's really like Steve Jobs in the early days of Apple.   We have seen nothing yet. It's going to skyrocket once the words finally get spread about the platform.

[McWorse]

And all the dumps from the last weeks... What about BLOCK?
Nearly total recovery.
Only a few coins own such a strength.
Ask yourself why.

[lissics]

Yes, only solid holders own Blocknet coins.
No sweaty hands.

[truxton]

Let me help you out.

[hodlthedoor]

im in for the ride

[CryptoXMan]

People have to realized that Blocknet is still under 40 Mil in marketcap.   There's only 3.9 mil or so Block out there.   Of course the price per coin is going to seem "high".   This isn't just a no utility coin.   This is a truly decentralized trustless exchange and that's only the first app for Blocknet.   

UNDER 40 million marketcap.   Do you know how undervalued that is?

[landwind]

Wish i had bougt more than 650 Blocks . Yesterday i wanted to sell 350 of them to buy antshares . Always sleep one night before decisions . Would have been my worst move

[McWorse]

Extreme solid at the moment, with a slight uptrend. Not really adicted to the volatility of the market. Which is a better sign than graphs and lines. BLOCK standing strong as the need for a truely decentralized exchange. Interesting and good investment!

[sgtwiggles]

Looks like BTC-e is going to be shut down.  Blocknet more relevant than ever..

Blocknet is decentralized. no 3rd party risk!
 
Trade direct wallet to wallet. https://www.youtube.com/channel/UCCDBoR9fHb21bLH7FGvFrQg

[truxton]

Looks like Block price is settling in to around $10.00 after the $12.0 high.  

[lijoe408]

Why is the price to run a node so high    5k tokens for a MasterNode if there are only going to be 4M token? It should be be more like 500 tokens, or even 1000 at most. 

[neurotypical]

The graphic looks too pumped. It hit $5.10, it got higher, then it broke this resistance and went even lower at $3.88, to shoot up all the way up to $12.00. How sustainable is it? And who is to say that we aren't going to re-visit resistances? Maybe after the masternode hype is over, the price goes back to 1 figure per coin.

Until this project proves what they claim, im not buying. They shown full-node transactions, I want more than that.
And the scam accusations to the founder also make me having serious doubts about it.

[truxton]

Big news for Block coming in a matter of hours.... 

[TestingGI]

By the rumour, sell the news buddys :-) Good take if you want to increase your BTC hopdings with an incoming pump.

[truxton]

By the rumour, sell the news buddys :-) Good take if you want to increase your BTC hopdings with an incoming pump.

Hi!  This is news..  Last paragraph from press release a week ago:
https://www.coindesk.com/press-releases/blocknet-launch-production-blockchain/

Of particular significance is that, in one week’s time, a major announcement will be made regarding the decentralized exchange’s UI.

All the best.  

[Omega Weapon]

what is the total supply of blocknet?

3.9 Million.

With an actual use, few coins in circulation, and only $8,766,947 in market cap.... I am starting to think this has potential for upward movement.

And this was the right comment, at the time I’m writing this the market cap sits close to 40 million so anyone that invested at that time has made 5 times its money and could potentially make even more, unfortunately I did not because I have just seen the thread today but if I had seen the thread when it was created I would have invested in a heartbeat.

[McWorse]

There was another thread about BLOCK in april this year and it made me invest in BLOCK immediately...
 
I'm sorry for you. But I believe, that BLOCK will rise to 0.01 - 0.02 in the next upcoming weeks. There is still time to jump on board. Not with that big profits you could have made, but with good profits. And if BLOCK will develop further, there might be a slight chance, that the price will hit 0.05 next year.

But the total supply is 10M. 3.9M is the circulating supply at the moment.

[CryptoXMan]

There was another thread about BLOCK in april this year and it made me invest in BLOCK immediately...
 
I'm sorry for you. But I believe, that BLOCK will rise to 0.01 - 0.02 in the next upcoming weeks. There is still time to jump on board. Not with that big profits you could have made, but with good profits. And if BLOCK will develop further, there might be a slight chance, that the price will hit 0.05 next year.

But the total supply is 10M. 3.9M is the circulating supply at the moment.

It's 3.9M period.  The rest of the unsold tokens are burned.   The upcoming fork will take away the burned token properly.

[sgtwiggles]

I think Block is where Etherium was when it was $9-15.  So.....

[McWorse]

There was another thread about BLOCK in april this year and it made me invest in BLOCK immediately...
 
I'm sorry for you. But I believe, that BLOCK will rise to 0.01 - 0.02 in the next upcoming weeks. There is still time to jump on board. Not with that big profits you could have made, but with good profits. And if BLOCK will develop further, there might be a slight chance, that the price will hit 0.05 next year.

But the total supply is 10M. 3.9M is the circulating supply at the moment.

It's 3.9M period.  The rest of the unsold tokens are burned.   The upcoming fork will take away the burned token properly.

Ok. Thank you very much for this information. This procedure speaks for the dev-team, because they can't dump a big amount at any time. It means more stability in price for the supporters - and in the end a higher price for the coin. I am excited, which price could be, when the devs delivering properly and this decentralized exchange will hit the market on a wide front. People are arguing against the big exchanges, and here we have the upcoming solution for all their problems.

[Omega Weapon]

There was another thread about BLOCK in april this year and it made me invest in BLOCK immediately...
 
I'm sorry for you. But I believe, that BLOCK will rise to 0.01 - 0.02 in the next upcoming weeks. There is still time to jump on board. Not with that big profits you could have made, but with good profits. And if BLOCK will develop further, there might be a slight chance, that the price will hit 0.05 next year.

But the total supply is 10M. 3.9M is the circulating supply at the moment.

Yeah I have a terrible luck when it comes to timing but anyway, good for you, I hope that you invested an important amount in it and that you made a lot of money, unfortunately at the moment I’m short on cash so I prefer to wait for a coin that is in the beginning stages and that could go up a lot, I’m in no hurry so I could hold for a very long time.

[Sikka157]

Planning to buy $500 worth of BLOCKNET? should i wait for price to go down to buy or should I just buy at the current price??? any opinion???

[CryptoXMan]

Planning to buy $500 worth of BLOCKNET? should i wait for price to go down to buy or should I just buy at the current price??? any opinion???

Evaluate it based on the btc/block and not $ and you can analyze it better.   The peak was in the 440k satoshi area.  Now it's 380k... so...

[Zenoru]

And we just hit a record high: $26.66. If you bought in early May when this thread was opened, it was around $2 so that's a 1200% return.

It still doesn't have that much volume yet and can easily go to $100+ by the end of the year in my opinion.

[McWorse]

I bought BLOCK in may because of this thread, so I like to thank the user vvv7777777 very much for informing the community. And it is absolutely nice, to get known to a decent project in which you start to believe in and to see a strong rising value now. This thing will be a game-changer. Lots of troubles with the centralized exchanges, a latently fear of loosing all what is deposited there. But here comes the solution: A free, truely dezentralized exchange with 100% control over all coins you own. All this scam accusations are quiet now. The fudsters moved on to blame other coins. Another proof, that you should never listen to them, if your goal is: Investing in promising projects.
Thank you for the development and your work @ dev-team.
Go ahead!
You are on the right way!

Regards!
McW

[bustomi]

Exchange with decentralise system is promising, however trading fee still one of important thing to concern when doing some trading, well if blocknet can do better with trading fees, that's good choice

[phr0stbyt3]

Nice idea i do agree with you poloniex , kraken and all these big exchanges barely list any coins but we all know a exchange which allows listing of every single coin that is yobit in start they trade with good volumes but finally the coin left to suffer which sucks.
The only part i loved about you was the kyc i do agree it surely not required but in terms of usd i think it's fair to ask kyc because of corruption. Eventually i will try your exchange soon

[rapidleech]

seems Blocknet  going to pass 50$ , i really dont know the reason of this bumps

[AnCapFree]

hey don't known this before. really a nice project. I mean I need something like this. Hate polo so much

[sgtwiggles]

THIS IS GOING TO BE AMAZING!

http://www.trustnodes.com/2017/10/27/press-release-the-blocknet-hires-design-agency-for-its-decentralized

As the race to become the first cross-chain decentralized exchange continues, the Blocknet has retained VSA Partners to assist with UX and design for its trading interface. The first manifestation of the partnership features an intricate user experience design for the Blocknet’s new decentralized exchange.

“One of the greatest shortcomings to early attempts at decentralized exchanges has been a poor user experience,” shared Arlyn Culwick, Co-founder of the Blocknet. “Through good design and user experience, we can more effectively help create markets in which both veterans and those newer to the cryptocurrency world can securely exchange value across chains without having to rely on an intermediary.”

The decentralized exchange movement has grown rapidly in the last year and, naturally, competition has followed suit. The Blocknet community is proactively setting itself apart by leveraging the power of strategic design and UX for a more seamless trading experience. While the Blocknet currently has trustless peer-to-peer exchange capabilities in operation for 30 currencies following their recent main net launch–and in principle for any Bitcoin Core clone–the launch of the exchange will bring a best-in-class trading experience to users.

“The Blocknet community recognizes that, not only is it crucial to solve the difficult underlying blockchain technology barriers, but nailing the product experience is key to long term success,” says Nicholas Cavet, Associate Partner, Blockchain Lead at VSA Partners. “You need to have an exceptional digital experience, build a brand and drive awareness. We’re proud to be partnering with the Blocknet community and founders during this exciting time.”

As blockchain technology and cryptocurrencies continue to become recognized as a means of transferring value throughout the world, the Blocknet platform will allow peer-to-peer trading for quicker and more efficient transactions that aren’t limited by the type of cryptocurrency and underlying chain . As the platform grows, VSA will continue to evolve its UX/UI and long-term branding efforts for the Blocknet.

About​ ​the​ ​Blocknet
The Blocknet is infrastructure for inter-blockchain services. It orchestrates the thousands of revolutionary innovations in the blockchain space into a “token ecosystem.” It achieves this through three core services: decentralized exchange, blockchain routing, and p2p data transport.

A list of the Blocknet’s 30 currencies are as follows: BitBay (BAY), Bitcoin (BTC), Bitcoin Cash (BCH), Blocknet (BLOCK), Dash (DASH), Decred (DCR), Digibyte (DGB), Dogecoin (DOGE), Dynamic (DYN), GameCredits (GAME), Faircoin (FAIR), HShare (HSR), LBRY Credits (LBC), Litecoin (LTC), Monacoin (MONA), MonetaryUnit (MUE), Namecoin (NMC), NavCoin (NAV), Particl (PART), Peercoin (PPC), PIVX (PIVX), Potcoin (POT), Qtum (QTUM), Sequence (SEQ), Stratis (STRAT), Syscoin (SYS), Vericoin (VRC), Verge (XVG), Vertcoin (VTC), ViaCoin (VIA).

About​ ​VSA​ ​Partners
VSA Partners is a modern creative agency that designs beautiful solutions for some of the world’s most respected brands and forward-thinking businesses. Through efective design, VSA develops high-performing, interconnected solutions in all forms—From brand identities and websites to predictive models, or even something that hasn’t yet been invented. VSA’s mantra is “There’s always a better way,” and for more than 30 years, it has delivered on that belief, for clients including Google, Alibaba, IBM, CME Group, Northern Trust, Goldman Sachs and for emerging blockchain and cryptocurrency leaders such as CoinMarketCap.com and the Blocknet. With offices in Chicago, New York and San Francisco, VSA offers a full range of fully integrated capabilities—branding, advertising, data science and technology—all under one roof.

[FoldingMoney]

So to bump this thread... there's been a UI reveal with aforementioned VSA design co.  here is an image (the second image not the first!!)

https://twitter.com/The_Blocknet/status/933771403278671873

If you want to see how a world class design agency designs an exchange  the full video is here (with the actual exchange at 12m30 mark)

https://www.youtube.com/watch?v=teGMLROB9og&feature=youtu.be



 

[HODL to the moon]

Is BLOCKNET like WAVES or HEAT? Is it a decentralised exchange? Maybe it will disrupt Kraken and Polo and Bittrex then, who knows

[FoldingMoney]

To answer your question, the first implementation of blocknet's protocol is a decentralised exchange.  For technical reasons discussed earlier, it should be regarded as truly decentralised (which cannot be said for waves).   trades on the exchanged are paid for with block which will create constant buy pressure on the coin. 

[FoldingMoney]

At no point in using the exchange will coins ever leave your control.  someone in slack suggested that blocknet may be the go-to exchange for institutional investors (for obvious reasons), and i agree with that just from a risk point of view.   Also, blocknet has negotated a deal with ethfinex/bitfinex to gain access to their order book, so will spring into life with great liquidity.  right now one can trade on blocknet, but it will become user friendly for mass adoption with release of the UI and multiwallet (hence not requiring full chain downloads).   these are both scheduled for the very near future, we are talking weeks....

[CryptoXMan]

At no point in using the exchange will coins ever leave your control.  someone in slack suggested that blocknet may be the go-to exchange for institutional investors (for obvious reasons), and i agree with that just from a risk point of view.   Also, blocknet has negotated a deal with ethfinex/bitfinex to gain access to their order book, so will spring into life with great liquidity.  right now one can trade on blocknet, but it will become user friendly for mass adoption with release of the UI and multiwallet (hence not requiring full chain downloads).   these are both scheduled for the very near future, we are talking weeks....

For now, Blocknet is still very under the radar.  Once the marketing starts, look out.

[LotusPetal]

BlockNet is a pretty cool project, but I'd like to see where it goes. I think there's a market for it but to say its going to kill other Exchanges seems a bit overestimated. I think China and USA could really use a DEX though, Waves DEX is coming a long but its far from use able for daytrading.

But yeah, pricewise and marketcap it has a long way to go, could become a top5 project (gtfo BTG)

[CryptoXMan]

BlockNet is a pretty cool project, but I'd like to see where it goes. I think there's a market for it but to say its going to kill other Exchanges seems a bit overestimated. I think China and USA could really use a DEX though, Waves DEX is coming a long but its far from use able for daytrading.

But yeah, pricewise and marketcap it has a long way to go, could become a top5 project (gtfo BTG)

Blocknet basically don't need to kill off other exchanges.  There's no need for that.  All Blocknet need is to be able to access the order book and open up their order book to these exchanges.   For example, EthFinex will be opening their order book to blocknet.

[FoldingMoney]

Yes indeed cryptoX, and i dont care much for the title of this thread. 

One of the largely unknown aspects of Blocknet is that its a protocol/infrastructure and that other existing exchanges or indeed new exchanges are very welcome to use blocknet for their backend.

also agreed on the marketing.   blocknet is a rare thing in crypto, its not some hugely marketed plan with little behind it, its the opposite - very advanced and substantial technology with little marketing done as yet, just word of mouth and a hardcore group of people who recognize its value.  from my research its streets ahad of other dex projects out there and so much bigger in scope.

[Niya]

Is there a way to deposit and withdraw fiat currencies into your decentralized exchange? I see one of main weaknesses about decentralized exchanges is that it's not possible to deposit and withdraw fiat money (for example on etherdelta).

Also, I saw you are building a VPN as well. Is it already available? Which are the differences between your VPN and Mysterium's one?

It looks like a very interesting project anyway!

[raven.tiu17]

Crypto needs decentralized Exchange in order to decentralize value. It's fundamentally an ecosystem problem. interesting project ahead. blocknet would be $100 to $200 by end of 2018

[FoldingMoney]

I dont know how to post images, but just take a look at the graphic the core dev posted in ann thread !!

https://bitcointalk.org/index.php?topic=829576.8480

[FoldingMoney]

posting this from 86b in slack.  I think it highlights the monster potential of blocknet....



you’ll be able to choose your confirmations.  There seems to be a lot of talk about network fees being expensive/etc and this is very misleading as it really only applies to BTC and is a flat fee no matter the amount of BTC you’re trading.  For example Litecoin:  you can get into the next block paying a miniscule $0.01 mining fee... and I believe that is the 2nd most expensive.

The real value here too is not having to sell to Bitcoin, then selling that Bitcoin for an alt - you’ll experience trading fees + slippage premiums in the book - and this gets increasingly more expensive if you have to deposit/withdraw from exchanges.  Also, when transferring from exchange to exchange to chase alts not supported on 1 exchange but supported on the other, you’re relying on the speed of the exchange to process your withdraw itself and paying a high enough mining fee to get you into the next block all while being charged a withdrawal fee at the same time... then you’re waiting on confirmations from the receiving exchange to process.

Lastly - our DX gives you total control of your security, and that’s something many traders are willing to pay for.  All in all though the whole expensive part of it only applies to BTC trading (for now - like basedgod pointed out).  Another benefit is not having to worry about exchange withdrawal limits without giving copies of your identity to exchanges who frequently get compromised along with your personal info.

[FoldingMoney]

https://pbs.twimg.com/media/DPueMQkWAAAqkZs.png:large

[FoldingMoney]

that is an image from twitter, excellent infographic.   perplexed as to how to actually post an image here !

[bisky]

nice work, darren

[MacXA]

Very interesting project and will keep track of the project and maybe move on from bittrex
Good Luck

[CrypticGambit]

Blocknet could be the best investment of 2017. Here's why:

Exchanges are centralized:
- They can be insolvent without you knowing
- They decide which coins to add -- which hurts a lot of crypto projects
- They could be trading against you without you knowing
- They require KYC to stay complaint and you have no idea where that information goes. Isn't it strange that people want privacy with things like Monero and Zcash, but we give exchanges our identification?

Interoperability of blockchains is going to be huge:
- With a Blocknet backend, people can trustlessly use any cryptocurrency they want for anything that accepts bitcoin

Poloniex, Kraken, and Bitfinex have each been facing problems, and soon people will look for decentralized exchanges out of need, not just a "nice to have".

Blocknet is the only fully trustless cross blockchain exchange that is working. Right now it's working in testnet with BTC/SYS, BTC/BAY, and BTC/LTC. The devs can trivially add any currency that is BIP65/CLTV (including ZCash, Dash etc.), they plan on integrating ETH soon, and the exchange works for any combination of pairs.

AMA link (includes discussion about Blocknet vs Cosmos): https://www.reddit.com/r/theblocknet/comments/676buj/ask_anything_about_blocknet_qa/

Blocknet vs Ark: https://bitcointalk.org/index.php?topic=829576.msg18785897#msg18785897

Join the Slack: https://blocknet.herokuapp.com/

Twitter: https://twitter.com/The_Blocknet

hahah a newbie telling me that the top exchanges are bad. I am not going to trust you, these exchanges are good and your exchange is very risky I would not send my funds in there, never ever. period.

[X-ray]

Blocknet could be the best investment of 2017. Here's why:

Exchanges are centralized:
- They can be insolvent without you knowing
- They decide which coins to add -- which hurts a lot of crypto projects
- They could be trading against you without you knowing
- They require KYC to stay complaint and you have no idea where that information goes. Isn't it strange that people want privacy with things like Monero and Zcash, but we give exchanges our identification?

Interoperability of blockchains is going to be huge:
- With a Blocknet backend, people can trustlessly use any cryptocurrency they want for anything that accepts bitcoin

Poloniex, Kraken, and Bitfinex have each been facing problems, and soon people will look for decentralized exchanges out of need, not just a "nice to have".

Blocknet is the only fully trustless cross blockchain exchange that is working. Right now it's working in testnet with BTC/SYS, BTC/BAY, and BTC/LTC. The devs can trivially add any currency that is BIP65/CLTV (including ZCash, Dash etc.), they plan on integrating ETH soon, and the exchange works for any combination of pairs.

AMA link (includes discussion about Blocknet vs Cosmos): https://www.reddit.com/r/theblocknet/comments/676buj/ask_anything_about_blocknet_qa/

Blocknet vs Ark: https://bitcointalk.org/index.php?topic=829576.msg18785897#msg18785897

Join the Slack: https://blocknet.herokuapp.com/

Twitter: https://twitter.com/The_Blocknet

hahah a newbie telling me that the top exchanges are bad. I am not going to trust you, these exchanges are good and your exchange is very risky I would not send my funds in there, never ever. period.

The centralized exchanges are still dominating the trend. How it comes to the easy buy and order especially with the latest condition of the ethereum network that makes you need to pay the more fees for each of your transaction. The decentralized means the peer to peer transaction will be applied. but it may cost the more fees rather than centralized exchange because it has used the direct transaction to the owner's address.
Just like i send the token directly to the wallet without a middle party.

[FoldingMoney]

[/quote]
The centralized exchanges are still dominating the trend. How it comes to the easy buy and order especially with the latest condition of the ethereum network that makes you need to pay the more fees for each of your transaction. The decentralized means the peer to peer transaction will be applied. but it may cost the more fees rather than centralized exchange because it has used the direct transaction to the owner's address.
Just like i send the token directly to the wallet without a middle party.
[/quote]

Outside of BTC trades, interchain fees are miniscule.  Not only are they miniscule, blocknet also does/will not require trading into btc then into your desired coin - just execute directly for your pair.  so at a very minimium you will not be paying 0.15% and 0.15% if you trade as market maker, or 0.25% and 0.25% if you trade at market.  and that, with all the dozens of other advantages of trading on blocknet on top of that.

Genuinely blows my mind blocknet didnt 3x already.  silly progress is going on, and short time before major release

BLOCKNET IS ALL SUBSTANCE AND NO HYPE

[FoldingMoney]

this is a speculation forum for speculators and investors.  so i'll offer up some information relevant to you guys. and to disclose: i obviously own blocknet myself. its very foolish not to be diversified, but i found myself over the last 9 months deciding where to place my bets and scanning the space, which i was doing for 80-100 hours a week, i kept coming back to blocknet as the project that made most sense.

i dont particularly care for the title of this thread, but there's a bunch of information up there ^^^ that's useful so its not worth starting a new one. to add to the above from the top of my head in no particular order :

- owning a blocknet masternode (known as a service node, requiring 5000 block) means you receive fees for all trades that transact over blocknet dex

- Blocknet is PoS, and staking rewards for any number of holdings are frequent and give an ROI in region of 13% last time i checked.

- blocknet is a protocol.  it can be used as the backend of any dex that may want to use it, and is being integrated on other exchanges, accruing trade fees for block holders.

- to begin with, blocknet will have access to bitfinex's orderbook through ethfinex, meaning instant liquidity for users of Blocknet DX

[FoldingMoney]

- owning a service node will provide passive income, as will staking. the numbers for even minor adoption are extrodinary.  there are calculations that with even 1% share that translate to iirc $260K p/a. (will dig out calculator and post)

- the developers in this project are completely open, full of integrity, intelligence, vision and openness, and are committed to complete decentralization. the slack members are the most intelligent and commetted ive personaly found.  vast majority are firm holders, hence keeping the price stable 

- all major exchange functions of blocknet are decentralized.  at no point do users funds ever leave their control, and users will not have to divulge personal info to use the exchange

- Blocknet DX is the most technologically and devopmentally advanced dex, just weeks from major UI and SPV wallet release, and in fact already is trading with dozens of tested coin pairs

- other dex projects with louder marketing and lesser tech have massively increased in value

tbc...

[FoldingMoney]

here is a list of supported coins(green ticks tested)  projects do not need to add code to their wallets to be integrated.  ERC 20 coins provided for by integration with Ox.

https://block-node.info/index.php

[FoldingMoney]

These guys are doing marketing and UI for Blocknet

http://www.vsapartners.com/

past clients include IBM, Facebook, Nike, McDonalds, Harley Davidson, P&G, General Electric. many more, see for yourselves

and they are very committed to Blocknet....

[CrazyCreeptonaut]

blocknet and barterdex are both great and i hope the market will adopt it
hopefully ethereum will be capable of atomic swaps too and erc20 tokens will be traded in barterdex too

[based_god]

blocknet and barterdex are both great and i hope the market will adopt it
hopefully ethereum will be capable of atomic swaps too and erc20 tokens will be traded in barterdex too

You will be able to trade ETH on The Blocknet once 0x is integrated

[Digithusiast]

Blocknet deserves more attention. If they are able to come up with a major UI and SPV wallet release as mentioned above, Blocknet could become a safe haven for crypto traders and owners.

[energycom]

Blocknet deserves more attention. If they are able to come up with a major UI and SPV wallet release as mentioned above, Blocknet could become a safe haven for crypto traders and owners.

They deserve, but how about development?

People now want to see better things from projects. I'm talking about blocknet only, the others as well. Centralized exchanges are looking nice because their products are working fine as exchanger platforms.

[Digithusiast]

I prefer to invest in projects that aim to make a difference and implement real development and innovation.
Most of those projects require time to prosper. I guess this applies to Blocknet too.
If you are in a rush, it might not be for you. If you have patience, Blocknet can be a very interesting opportunity.

[FoldingMoney]

Blocknet just dropped a huge news bomb!  thought you guys should know

https://medium.com/@theblocknetchannel/blocknet-2018-what-to-look-forward-to-2362561c5ccd



Blocknet 2018: What to look forward to!


With 2017 coming to an end, we wanted to provide the community with some updates regarding what is on the horizon for Blocknet in 2018, but first let’s take a look at what this community has accomplished so far.

2017 was a busy year for Blocknet! With the launch of the new production chain, the Service nodes launch on mainnet, the partnership with VSA to build the Blocknet UI (as well as the UI Reveal) and the implementation of the Community Governance System, it has been a very productive year. This is what was achieved…

[FoldingMoney]

Blocknet in review 2017:

    Service nodes launch on mainnet.
    Implementation of the Community Governance System.
    Expanded to 11 contributing developers: Dan(@atcsecure), Arlyn(@synechist), Michael(@michael), Jeff(@86b), @aderks, Steve(@sawtoothgeek), Andrew(@arackcheev), Olag(@boa), Vladmir(@corvaxx), Andrey(@xenix), Kamel(@infinity7592).
    Members Hanni(@hanniabu) and @philipmarshall stepped in to drive supportive tasks and social media.
    Community-created service node toolkit(@ishkb1): https://block-node.info/
    Community-created node earnings calculator(@stormingj): http://bit.ly/block-roi
    Community-created informational website(@hanniabu): https://blocknetprotocol.com
    Partnership with Bitfinex to use Blocknet’s protocol to power Ethfinex, which is Bitfinex’s decentralized exchange: https://blog.ethfinex.com/the-ethfinex-roadmap-7c7cd82c835c
    Partnership with Dynamic Solutions to use Blocknet for connecting their dual-blockchain architecture (Duality and Sequence). https://dualitypost.wordpress.com/2017/06/03/duality-the-internet-of-blockchains/
    Partnership with Bitnation for using Blocknet’s protocol for microservices. https://cointelegraph.com/news/governance-moves-forward-via-bitnation-blocknet-horizon-partnership
    Newsletter: http://eepurl.com/c5OJMj
    Migrated from Slack to Rocket Chat (https://rocket.blocknet.co:8443/)
    Partnership with VSA to build the Blocknet DX UI.
    UI reveal and early demo.
    Establishment of community funds totalling 130k BLOCK: http://blocknetdx.forumotion.com/t10-community-fund-proposals-redeem-fund-allocations
    Integration and successful trades of 30 officially verified supported coins:

BitBay (BAY), Bitcoin (BTC), Bitcoin Cash (BCH), Blocknet (BLOCK), Dash (DASH), Decred (DCR), Digibyte (DGB), Dogecoin (DOGE), Dynamic (DYN), GameCredits (GAME), Faircoin (FAIR), HShare (HSR), LBRY Credits (LBC), Litecoin (LTC), Monacoin (MONA), MonetaryUnit (MUE), Namecoin (NMC), NavCoin (NAV), Particl (PART), Peercoin (PPC), PIVX (PIVX), Potcoin (POT), Qtum (QTUM), Sequence (SEQ), Stratis (STRAT), Syscoin (SYS), Vericoin (VRC), Verge (XVG), Vertcoin (VTC), ViaCoin (VIA).

[FoldingMoney]

Recent Developments

In addition to the above, there are some other recent developments we would like to mention:

    We have expanded to 15 contributing developers with the addition of Alexander(@alexander), Josip(@josip), @ftriboix, and Kay(part-time). Alexander will be working on furthering xBridge development, contributing to the DX API, and performing code audits and reviews (LinkedIn: https://www.linkedin.com/in/alexander-ivanenko-52b82476/). Josip will also be working on furthering xBridge development. (LinkedIn: https://www.linkedin.com/in/josip-maricevic-a0b58959/), while @ftriboix will be dedicated to Blocknet’s Ethereum integration. The most recent development is the addition of Umpei Kay Kurokawa whom will be enhancing the orderbook functionality (LinkedIn: https://www.linkedin.com/in/umpei-kay-kurokawa-b96a3a10/).
    Thanks to the quick work of @ftriboix, integration of Ethereum and all ERC20 tokens is now roughly 50% complete!
    The DX API, which is being worked on by the DX Tool Team and the Euro Team, is currently 75% complete with many improvements.
    The DX UI, which is being developed by VSA Partners is 75% compete.
    The DX UI integration, which requires the DX API to be complete, is now expected to be completed in January. This is a slight delay from what was hoped, but we believe it is better to delay a release than to make compromises.
    Integration and successful trades of 10 additional verified supported coins. These will be announced soon!
    Blocknet Wiki is being worked on by Baron and Philip Marshall which is approximately 50% complete.
    A Blocknet DX visual explorer is being worked on by @infinity7592 and is now 25% complete.
    API documentation auto-generation is 50% complete and will soon be accessible through a web page.
    Coinmarketcap updated to source link to the new Github repo and added a link to Rocket Chat and Telegram. Telegram has seen a 10% growth in members in the past week!
    Community representatives have been selected by the community. They are @stormingj and @thebaron.
    A dedicated Korean Telegram channel(https://t.me/Blocknet_Korea) with a huge thanks to @cricket for helping manage this channel!
    Multisig accounts still need to be tested. Until reliable functionality can be certain, the community funds will be held in regular accounts. The spending of these funds will still go through a 4-of-7 approval process consisting of Dan(atcsecure), Arlyn(synechist), Michael(michael), Jeff(86b), Hanni(hanniabu), Justice(@stormingj), and Baron(@thebaron).
    Creation of a community funds tracker for transparency on fund usage: https://docs.google.com/spreadsheets/d/1xFm5LJsRNN62-9XZFqfDckUt2x8ps3pUOBISUxNQYpc/
    Creation of a project tracker for transparency on progress: https://trello.com/b/NQLsFMzK/blocknet-progress-tracker
    Creation of a translations tracker for open community contribution: https://docs.google.com/spreadsheets/d/1G9J8Bpnna9UOFNUmQb33yCP7hj5q6a3uO4ak3Vf5LNo/
    Initial talks of producing a high quality Blocknet video. (@Mav137, @bob) https://docs.google.com/document/d/1S1yKy8hDrF3p6h-1MlUzJxRGfAZFui-qSz88ECsM1Gs/edit (In early planning stages)
    Arlyn is continuing work on the whitepaper.
    The community-driven marketing group is taking form with the addition of #marketing-investors, #marketing-users, #marketing-developers, #designers, #video, #events, #pr, #documentation, #support, #support-users, and #support-developers. This separation of groups will help the community better organize initiatives as well as allow for an influx of new members.

[FoldingMoney]

What is on the Horizon for Blocknet in 2018?

Moving forward into 2018 there are many exciting developments to look forward to:

    The beta “soft launch” of the Blocknet DX UI is to be expected in January.
    Blocknet DX launch with SPV multi-wallets.
    Marketing campaign.
    A facelift of the current website in preparation for 2 brand new websites (Blocknet protocol and Blocknet DX sites).
    Rocket Chat improvements.
    Blocknet Whitepaper.
    A Blocknet presence at cryptocurrency events, forums and meetings (currently in the planning stages.)
    Integration with Ledger Hard wallet.
    Blocknet DX TradingView integration.
    Arbitrage trading bot library.
    DX API enhancements.
    DX order book enhancements.
    Visual DX explorer: @infinity7592 (Early demo has been shared).
    Analytics site (think bfxdata.com, but for the Blocknet DX).
    0x integration (addition of Ethereum and all ERC20 tokens to Blocknet DX).
    Ethfinex integration (Bitfinex’s order book on Blocknet DX).
    Blocknet DX mobile app.
    Blocknet DX website.
    Newsletter Updates.
    API documentation web page.
    “Offline orders” feature (orders stay live after wallet is closed).
    Decentralized leveraged trading (p2p loan swaps locked to longs/shorts).
    Decentralized ICO dApp.
    Modularisation of core components (network overlay, blockchain router and data transport).
    Abstraction of core services into dedicated APIs (service lookup, inter-chain messaging, and decentralized exchange).
    An additional 70 coins for the DX are being worked on and are at various stages of integration.

Note 1: Upcoming milestones are subject to change, and some require new ground be broken in crypto, and thus are to be interpreted as intents, not commitments. Development is in an agile manner and so is not to deadlines; Rather, continual progress is to be expected.

Note 2: All names in brackets are Rocketchat community handles.

[sgtwiggles]

Blocknet just hit $56.00!  Previous ATH was $43.00.  Almost everything else is in the red.  Woohoo!

[Digithusiast]

Good to see finally it is getting some attention

[monkfishy]

Wouldn't be surprised to see it back at 56 soon enough. Under 40 $ seems a steal.

[ysyyhb]

blocknet is not the killer of centralized exchange, centralized exchange can process crypto-fiat currency. They will co-operate in the near future.